Why We Often Continue with Failing Projects for Far Too Long

January 14, 2019 Posted by David GreenwoodExcerpts
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“To withdraw now is to accept a sure loss,” he writes about digging oneself deeper into a political hole, “and that option is deeply unattractive.” When you combine this with the force of commitment, “the option of hanging on will therefore be relatively attractive, even if the chances of success are small and the cost of delaying failure is high.”